Current Attempt in Progress During 2022, Sunland Manufacturing expected Job No. 59 to incur $360000 of...

 

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Current Attempt in Progress During 2022, Sunland Manufacturing expected Job No. 59 to incur $360000 of overhead cost, $560000 of direct materials cost, and $100000 in direct labor cost. Sunland applied overhead based on direct labor cost. Actual production required overhead cost of $290000, $580000 in direct materials used, and $200000 in direct labor. All of the goods were completed. What is the amount of over- or underapplied overhead? Current Attempt in Progress During 2022, Sunland Manufacturing expected Job No. 59 to incur $360000 of overhead cost, $560000 of direct materials cost, and $100000 in direct labor cost. Sunland applied overhead based on direct labor cost. Actual production required overhead cost of $290000, $580000 in direct materials used, and $200000 in direct labor. All of the goods were completed. What is the amount of over- or underapplied overhead?

Answer rating: 100% (QA)

To calculate the over or underapplied overhead we can use the following formula Ov... View the full answer